Originally posted by Dr Strangelove
Is the port of New Orleans closed? How long before full operations will be restored?
Is the port of New Orleans closed? How long before full operations will be restored?
For now traffic will shift from river to rail, and from NoLa to all other ports. This will increase costs, both cause the existing routings over New Orleans was the cheapest (which is why it was chosen) and cause the shift will press capacity on the rail lines and at ports.
I would be particularly worried about rail car shortages for moving grain. I would suggest one will see an increase in world grain prices. Good news for the EU, Argentina, Brazil. Bad news for a lot of other people. There will be deaths due to the hurricane outside North America.
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